Summary:

1. China Banner shares: Q2's single-quarter performance has returned to the best in history, with continuous growth.

2. Zhenjiang shares: the operating income in the first half of the year was 900 million yuan, an increase of 39.49% over the same period last year, and the net profit was 34.94 million yuan, an increase of 265.69% over the same period last year. At present, the company has sufficient orders on hand, 960 million yuan on hand, including 870 million yuan for wind power equipment. (northeast Securities)

3. Yutong bus: the profit level is far higher than that of other competitors, and the market share is expected to continue to increase.

4. Yongxin shares: profitability is expected to improve significantly thanks to the decline in oil prices. High dividends undervalue high quality targets, new customer development, new production capacity to lay the foundation for long-term growth:

5. The cold chain transportation market will have 7.2 times new increment.

6. It's about the 650 billion plate! The top event is about to begin.

Text:

1. Zhongqi (300575): Q2's single-quarter performance has returned to the best in history, with continuous growth.

The company's 2020H1 achieved a total revenue of 1.006 billion yuan, an increase of 13.33% over the same period last year, and a net profit of 124 million yuan, an increase of 26.12% over the same period last year. Corresponding to Q2, the profit in a single quarter was 74 million yuan, an increase of 46.80% compared with the previous quarter.

① started to recover continuously, and its single-quarter performance has returned to its best in history, returning to an annualized performance of 300 million.

As a result, the company's performance has once again greatly improved in Q2, and has now returned to 2018Q4 and 2019Q1, that is, the best single-quarter net profit before the Xiangshui accident (75 million yuan), corresponding to an annualized net profit of about 300 million yuan.

The ② IPO fund-raising project is to be released, and the company's performance is expected to be centrally released after the plant resumes production.

The crude drug project of ③ Anhui production base has been finalized to provide future growth momentum.

④ launched an equity incentive plan to bind employee interests and boost employee confidence.

The company is currently investing in construction projects.

(1) expansion projects of 10 crude drugs and related products, including cyanofluoxate, with an investment of 462 million yuan, estimated revenue of 1.6 billion yuan and net profit of 266 million yuan after reaching production.

(2) the annual output of the technical transformation project of pesticide raw drugs is 5700 tons, with an investment of 595 million yuan. After reaching production, the estimated revenue is 3.128 billion yuan and the net profit is 268 million yuan.

(3) the project with an annual output of 15500 tons of new pesticides and related products is located in Anhui New Coal Chemical synthetic material Base. The total investment is 2.099 billion yuan, including 1.788 billion yuan in construction investment (730 million yuan in the first phase and 1.058 billion yuan in the second phase), 104 million yuan in interest during the construction period and 206 million yuan in working capital. The estimated IRR after income tax is 20.84%. In the normal year after full production, the sales income is 4.114 billion yuan (including 1.399 billion yuan for the first phase and 2.715 billion yuan for the second phase). In the economic life cycle, the average annual sales income is 2.798 billion yuan and the total annual profit is 547 million yuan. The company has achieved step-by-step growth in sales revenue and profit volume.

2. Semi-annual report of Zhenjiang shares: net profit of 34.94 million yuan in the first half of the year turned from deficit to profit compared with the same period last year

Zhenjiang Co., Ltd. announced that its operating income in the first half of the year was 900 million yuan, an increase of 39.49 percent over the same period last year, and its net profit was 34.94 million yuan, an increase of 265.69 percent over the same period last year. In the same period last year, losses were caused by periodic factors, and the above-mentioned effects have been gradually eliminated in this period. At present, the company has sufficient orders on hand, 960 million yuan on hand, including 870 million yuan for wind power equipment.

The worst of the company is over, gradually opening up the performance channel. As a whole, there have been positive changes in the company's statements since the fourth quarter of last year, and the many unfavorable factors we are facing have gradually improved. In the future, we will gradually open the channel for upward performance, and the worst time has passed.

The most noteworthy indicator of the company is revenue, the number of beneficiary customers continues to develop and category expansion, and steadily maintain a high growth rate. The company's revenue grew by 82% last year and 26% in the first quarter, and it is even more difficult to achieve under the influence of the epidemic. Behind the high revenue growth is the result of the company's deep ploughing of the fan parts industry. (northeast Securities)

3. Yutong bus: the profit level far exceeds that of other competitors and is expected to continue to increase.

The Ministry of Industry and Information Technology, the Ministry of Agriculture and villages, and the Ministry of Commerce will carry out activities of new energy vehicles to the countryside. The activity time is from July 2020 to December 2020.

Recommend new energy vehicle plate: BYD, Yutong bus, suggest to pay attention to BAIC Blue Valley. Vehicle plate: Geely Automobile, Great Wall Motor, Changan Automobile, Guangzhou Automobile Group. (founder Securities)

Huaxi Securities believes that with its excellent product competitiveness and high vertical integration, Yutong bus is far more profitable than its competitors, and it is expected that with the gradual clearance of backward production capacity, the company's market share in the field of large and medium-sized buses and new energy buses is expected to continue to increase, reflecting the company's long-term value.

4. Yongxin shares: high dividend undervalued high quality target, new customer development, new production capacity laying the foundation for long-term growth:

Yongxin shares recently released a semi-annual report for 2020, saying that the company achieved operating income of 1243589914.80 yuan in the first half of 2020, an increase of 8.04 percent over the same period last year, and a net profit of 124805056.60 yuan belonging to shareholders of listed companies, an increase of 17.60 percent over the same period last year.

Profitability is expected to improve significantly, benefiting from the decline in oil prices. The price of petrochemical derivatives such as BOPP film, PET film and PP granules in the upstream of the company is highly related to crude oil. In 19 years, raw material costs accounted for 77% of the company's operating costs. Oil prices began to decline sharply in March 2020. From April 1 to June 19, the average price of OPEC crude oil was 25.39 US dollars per barrel, down 63% from the same period last year, which is expected to bring greater flexibility to the company's Q2 and gross profit margin in the second half of the year.

High dividend undervalued high quality target, new customer development, new capacity investment laid the foundation for long-term growth: the company's customers are mainly large manufacturers at home and abroad, while benefiting from industry integration, clearing of small and medium-sized production capacity, long-term share promotion logical smooth. Since its listing in 2004, the average dividend payment rate of the company has reached 64.73%, and the corresponding share price dividend rate has reached 4.03%, which is the target of high-quality investment with low valuation and high dividend. Looking forward to 20 years, Shaanxi Yongxin has started construction and will be put into operation by the end of this year. Huangshan Yongxin 8000 ton project will be launched this time, which will continue to consolidate the company's performance growth.

5. The cold chain transportation market will have 7.2 times new increment.

As vaccine cold chain technology has become the focus of market attention, a number of A-share listed companies have recently responded to their business layout on the interactive platform. In terms of share price performance, the leading Intel Group's share price has risen 66.21% this month, booming, with Aucma, Changhong Meiling and heavy Pharmaceutical Holdings all up more than 20% during the month.

6. It's about the 650 billion plate! The top event is about to begin.

The 18th China International Digital Interactive Entertainment Expo (ChinaJoy) with the theme of "Science and Technology + Entertainment" will be held at Shanghai New International Expo Center as scheduled (July 31 to August 3). It is reported that this year's Chinajoy exhibitors include domestic Tencent Entertainment, NetEase, Inc Games, Panax Notoginseng Interactive Entertainment, Shun net Technology, Bilibili Inc., etc.; foreign Blizzard, Samsung, Harman and so on.

In terms of performance, Century Huatong's net profit in 2019 ranks first in online game stocks, as high as 2.285 billion yuan, followed by Panax notoginseng mutual entertainment, but also more than 2 billion, double that of 2018.